ONEOK (OKE) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 26.7%
EBITDA Margin: 18.8%
Op. Margin: 14.8%
Net Margin: 8.0%

Op. margin of 14.8% is down 0.3% YoY — costs are rising relative to revenue. Net margin at 8.0% and gross margin of 26.7% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit